Bloomberg News

Naftogaz Picks Gazprombank for Credit Line, Interfax Says

March 29, 2012

NAK Naftogaz Ukrainy, Ukraine’s state-run energy company, picked OAO Gazprombank (GZPR), the lending arm of Russian natural gas export monopoly OAO Gazprom (GAZP), for a $2 billion credit line, Interfax-Ukraine newswire reported, citing government documents.

Servicing the credit line will cost $1.54 billion during the loan’s seven-year term, according to the Kiev-based newswire.

To contact the reporters on this story: Kateryna Choursina in Kiev at kchoursina@bloomberg.net;

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net;


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